Forex News USD/KRW trading lower at 1,009.35 vs 1,013.80 last close as oil prices drop overnight, foreigners buy local shares today, say traders. "The short-USD sentiment will likely become stronger given oil and stock market factors," says local bank trader. Another local bank trader says FX authorities appear to target the pair as low as 970.0, determined to intervene strongly to stop pair from touching 1,020.0; "I now expect the pair to drop below 1,000 within August." Tipped to trade in 1,005-1,015 band rest of session.
0 comments:
Post a Comment